I went through the last 100 startups I said no to and have compiled the top 10 key reasons for rejection when approached for investment. There may be some themes here to help.

Number 1 was the highest scoring at over 40%. The others are often in combination but you’ll get the gist.

I thought it would be useful to see why we say no. I’m sure there are themes for other investors in here too, so I hope useful to founders.

I joke that as a VC I say no for a living, but I actually take it really seriously and it’s my personal mission to see as many smart founders succeed as possible.

Any thoughts or questions add a comment and I’ll explain the process. (The more you know the less time you’ll waste dealing with people like me :)

How should we think about posting on social media?

A friend of mine Don Packett did a talk some years ago about why we should post things online. The message was a simple one:

Just. Add. Value.

Help people think differently, positively challenge their views, inspire, motivate — and if…

How do you hire the right people for early stage startups?

Having got this hideously wrong a number of times I’m now trying to steer the founders I work with from making the same mistakes.

Hiring is hard.

Expectations are high when you make your first hires and getting the…

Dan Bowyer

Exited Entrepreneur, now a VC. Investing in business automation tech startups at seed stage. I write from both sides of the desk.

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